Dell's AI server sales just went vertical — ride the momentum on Dell and partner Palantir
Dell just reported that its AI server revenue exploded 757% higher than a year ago, sending its stock up over 30% in a single day. The blowout numbers also lifted partner companies like Palantir, which jumped 10%.
Idea
Dell's AI server revenue growing 757% year-over-year is the strongest signal yet that companies are spending aggressively on AI infrastructure. When a hardware maker this big posts its fastest revenue growth since 2018, it validates the entire AI supply chain — including software partners like Palantir, which builds AI platforms that run on Dell servers. Multiple analysts raised their price targets on Dell after the report, which typically fuels additional buying in the days ahead. The pattern of blowout earnings followed by multi-day rallies has been consistent throughout this AI cycle.